What are the responsibilities and job description for the Actuarial Analyst position at NJ CURE?
Actuarial Analyst
CURE Auto Insurance is a leading direct writer of auto insurance in New Jersey, Pennsylvania, and Michigan. CURE offers a great working environment, competitive salary, and comprehensive benefits package which includes health and dental coverage, life and disability insurance, 401k with generous company match, and much more!
The Actuarial Team at CURE Auto Insurance is looking for a Actuarial Analyst to join our growing team! In this role, you will be a key member in helping CURE grow profitably. The Actuarial Analyst will be involved in a variety of actuarial work, including rate indication, reserving and development of predictive model.
Essential Job Functions
Pricing: prepare and review of rate indication to determine the base rate adequacy and rate needs; analyze the premium and loss trends to help make an informed business decision; understand CURE's competitive positions and find suitable rating factors for CURE from competitors' filing
Reserving: complete quarterly reserve analysis; conduct an in-depth analysis of claims and drive operational decisions to improve efficiency and reduce leakage
Modelling: collaborating with business users, creating/testing/refining predictive models, quantifying business benefits, deploying models, and presenting results to technical and non-technical audiences
Other work might include providing premium and loss data to reinsurers, feasibility study of other lines of business and expansion into new states.
Qualifications
0-1 years of P&C actuarial experience.
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or related major.
1 actuarial exams and interest in pursuing the ACAS and FCAS credential from the Casualty Actuarial Society.
Proficiency in SQL and MS Office
Experience with Python and VBA
Excellent verbal and written communication skills.
Physical Actions/Environment: Required job duties consist of prompt and regular attendance, ability to frequently move about the office to coordinate work with others; standing, sitting and typing for extended periods; and lifting and/or carrying up to 5 lbs. Ability to frequently communicate with others in-person, on the phone/virtually, and in writing. Ability to read, understand, process and evaluate large amounts of technical information and make related, informed decisions.
Salary: $55,000 - $70,000
Schedule: Monday - Friday 8:30 AM - 5 PM
Location: Detroit, MI or Princeton, NJ
We recruit, hire, employ, train and promote, and compensate individuals based on job-related qualifications and abilities. We respect the dignity and worth of each individual and are committed to an employment environment that is free from all forms of employment discrimination.
CURE Auto Insurance provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, pregnancy, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
Disclaimer: This job description reflects management's assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. This job description may be subject to change at any time.
Salary : $55,000 - $70,000
